if you notice the media attention on usa financial position,a...

if you notice the media attention on usa financial position,
a great deal of talkback etc regarding liquidity and so called exposure to defaults.

sbs had a special on bear stearns and lehman bros this week,abc radio have various interviews running focussed on the liquidity of us banks.something like 3-4% of loans are facing some difficulty.

its all a lot like the release of a new movie the actors old movies are run in advance of the release,all to create public focus,creating anticipation and i guess hoping to contribute to box office success.

well the pr machine for the us financial sector is currently
at work rebuilding confidence,they have stated the us residential market is overpriced in a range of slightly to
enormously,the enormous overpricing will be in the speculative residential sectors,largely finance driven.it should be stressed this is not an appropriate representation
of the total market,but percentiles, dramatically overvalued accounting for a small percentile of the total market

recent asset sales from a large number of reits strongly suggest that well placed offices are realising close to stated values,and this is a difficult market,along with other traders i am now sitting,i anticipate this financial year will be a disaster for many asx companies.

macquarie have already stated the australian reit sector is the most devalued sector,so while dividends may not be secure as finance frees i would anticipate a steady return of confidence hopefully driving the reit sector positively.

chasing the next big run on a stock has become difficult and
the risk and associated stress are enormous,its hard to beat a sector as grossly devalued with the potential for ongoing dividends as the reit sector in the australian market,i currently hold gpt and mof,if it works i will have a strong dividend to reinvest in the asx